RE: APR for HBD in Savings Dropped to 19% for a Short While. Want to know why?
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It also keeps track of your interest regardless of when you claim. You will get your full amount if you do it every 30 days or come back a year later.
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Absolutely! It has happened to me to claim after more than 30 days, and every day is counted.
If you claim the interest every 30 days, you will get the compound interest rate, while you wait for 1 year, you will not get the compound rate for the whole year.
That is true. At 20%, if you compound monthly, it's roughly 22% APY. If you leave it for a year, it's still 20% (if the rate doesn't drop in between).